Mobile Home Park Mastery

Latest Episodes:

Understanding the History of Mobile Homes Dec 17, 2017

Show notes

Flat, round and pitched. Mobile homes have evolved over the decades, with each variation having its own benefits and disadvantages. In this week’s Mobile Home Park Mastery podcast series, we’re going to explore what the history of mobile homes really means regarding what type of used homes you should buy for your community. You will learn 20+ years of experience on this subject in about 15 minutes. This is the first part of a 5-part series on mobile homes and their use in mobile home parks.

Ugly Deals Dec 10, 2017

Show notes

We’re not talking your average run-of-the-mill ugly deals here, but more like “what the heck were you even thinking” ugly deals. Fortunately, these are not deals that we did, but deals we know of first-hand that make you wonder exactly what the buyer was thinking – or if they were at all. If you think that a bad deal would be one that you took a loss on, try these deals out, where the owner lost everything and then some (including their self-respect). You’ll quickly see the moral to the story. This completes our three-part series on the Good the Bad and the Ugly mobile home park deals.

Bad Deals Dec 03, 2017

Show notes

As the second in a three-part series on “the Good, the Bad and the Ugly”, in this week’s Mobile Home Park Mastery podcase series, were going to discuss bad deals – where they come from and how you can mitigate the issues that jeopardize your investment dollars. We’re going to review three deals that we have done that didn’t work out well, and review what went wrong and what we should have done differently. But these are still not the worst deals. That’s reserved for next week’s podcast on “ugly’ deals.

Good Deals Nov 26, 2017

Show notes

The goal of every mobile home park investor is to buy good deals that offer low risk and high rates of return. But how do you do that? In this week’s Mobile Home Park Mastery podcast series, we’re going to discuss the basic drivers to profitability in mobile home park purchases, along with an example of each one that illustrates the point. You’ll find that success is extremely predictable, and you can tell what will work (and what won’t work) during your due diligence period, based on normal industry metrics. This is the first of a three-part series called “The Good, the Bad and the Ugly mobile home park deals”.

Three Action Steps In Selling A Mobile Home Park Nov 19, 2017

Show notes

With the Christmas season around the corner (which accounts for 30% of annual retail sales), we thought we would devote this edition of our Mobile Home Park Mastery podcast series to fine-tuning sales – the sales of mobile home parks. We’re going to go over three action steps to maximizing the value and speed in which you can find a buyer, as well as the importance of timing in each step. You can’t buy a mobile home park without wondering how to sell it down the road, and that’s what this podcast is all about.

Three Action Steps To Correctly Operate Your Mobile Home Park Nov 12, 2017

Show notes

Most people think that operating mobile home parks must be difficult and complicated. What they don’t know is that successful mobile home park operations are built around simple management systems. In this week’s Mobile Home Park Mastery podcast, we’re going to discuss three of these systems and review the impact these action steps would have on your mobile home park. If you can drive a car – and watch and react to the what the gauges tell you – then you can operate a mobile home park like a pro.

Three Action Steps To A Successful Park Turn-Around Nov 05, 2017

Show notes

Having turned around over 300 mobile home parks over the past two decades, Frank Rolfe has distilled the plan down to simple action items. Hear three of these important action steps in this week’s Mobile Home Park Mastery podcast series. Find out how you can get the park off on the right foot, and break the old owner’s cycle of poor management, quickly and easily. There’s really no reason you can’t fix even the most screwed up mobile home park in a relatively short period of time if you the right things – and in the right sequence. And that’s what we’re going to discuss on this Mobile Home Park Mastery podcast.

Why Ben Franklin Was Right -- Three Action Steps To Better Due Diligence Oct 29, 2017

Show notes

Benjamin Franklin is well known for his wisdom. And he nailed the importance of due diligence on mobile home parks when he said “diligence is the mother of good luck”. Indeed, due diligence is the key step to ensuring that the mobile home park you are buying will perform as anticipated, and be devoid of terrible physical and operational problems. We’re going to examine three important action steps to performing great due diligence on a property on this week’s Mobile Home Park Mastery podcast. If you like to only invest in successful properties, then this podcast is for you.

Three Action Steps To Better Negotiating Skills Oct 22, 2017

Show notes

Getting the right price on a mobile home park normally includes some degree of proficiency in the skill called “negotiating”. Webster’s defines “negotiating” as “to obtain or bring about by discussion”. So how do you conduct this “discussion” properly and work with the seller to strike the price that is fair and within your boundaries of making a successful investment? In this Mobile Home Park Mastery podcast, we’re going to examine three important action steps to negotiating like a pro.

Three Action Points On Finding A Mobile Home Park To Buy Oct 15, 2017

Show notes

Finding the correct mobile home park to acquire … it’s one of the most important steps in mobile home park investing. In this week’s Mobile Home Mastery series, we’re going to review the top three action steps in finding a park that meets your investment criteria. You’ll hear what these three steps are, and stories of how they became a part of our personal action plan that has amassed over 300 properties. This is the first in a five-part series on the three action points to finding, negotiating, performing due diligence on, turning-around and operating mobile home parks. These are very specific concepts derived from over twenty years of labor in building the 5th largest portfolio of mobile home parks in the U.S. If you want to hear the facts – and not the fiction – about mobile home park investing, then Mobile Home Mastery is your one-stop source.

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